Sandvik AB (OTCMKTS:SDVKY) Given Average Rating of “Moderate Buy” by Analysts

Sandvik AB (OTCMKTS:SDVKY) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company.

A number of equities research analysts recently weighed in on SDVKY shares. Royal Bank Of Canada restated an “outperform” rating on shares of Sandvik in a report on Wednesday, October 22nd. Rothschild Redb upgraded Sandvik from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 21st. Barclays restated an “overweight” rating on shares of Sandvik in a research report on Monday, September 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Sandvik in a research report on Monday, September 29th. Finally, Citigroup restated a “buy” rating on shares of Sandvik in a report on Tuesday, October 7th.

Institutional Investors Weigh In On Sandvik

A number of institutional investors and hedge funds have recently bought and sold shares of SDVKY. Rhumbline Advisers increased its position in Sandvik by 13.9% during the first quarter. Rhumbline Advisers now owns 37,269 shares of the industrial products company’s stock worth $788,000 after buying an additional 4,562 shares in the last quarter. Yousif Capital Management LLC increased its position in Sandvik by 15.9% during the 2nd quarter. Yousif Capital Management LLC now owns 22,037 shares of the industrial products company’s stock worth $502,000 after purchasing an additional 3,030 shares in the last quarter. GAMMA Investing LLC raised its stake in Sandvik by 24.8% in the 3rd quarter. GAMMA Investing LLC now owns 7,406 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 1,473 shares during the last quarter. Finally, Salomon & Ludwin LLC lifted its holdings in Sandvik by 3,795.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 857 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 835 shares in the last quarter. Hedge funds and other institutional investors own 0.74% of the company’s stock.

Sandvik Stock Performance

Shares of SDVKY opened at $30.18 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.62 and a debt-to-equity ratio of 0.42. Sandvik has a 52-week low of $16.94 and a 52-week high of $31.12. The company has a 50-day simple moving average of $29.23 and a 200-day simple moving average of $25.77. The company has a market capitalization of $37.86 billion, a PE ratio of 25.79, a P/E/G ratio of 1.53 and a beta of 1.59.

Sandvik (OTCMKTS:SDVKY) last released its quarterly earnings data on Monday, October 20th. The industrial products company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Sandvik had a return on equity of 16.56% and a net margin of 12.24%.The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $29.69 billion. Equities research analysts predict that Sandvik will post 1.27 earnings per share for the current fiscal year.

About Sandvik

Sandvik AB (publ), an engineering company, provides products and solutions for mining and rock excavation, metal cutting, and materials technology worldwide. The company offers mining and rock excavation equipment, including drill rigs and bolters, underground loaders and trucks, mechanical cutting equipment, rock tools and rock drills, and mining automation; rock processing equipment, such as crushers, screens, hydraulic breakers, demolition tools, and breaker booms.